Protocol revenue and the $HONK buyback
The buyback is planned, not running. The buyback report is switched off in the app and no schedule has been committed to. This page describes the intent so it is on the record; treat nothing here as a promise. Where protocol revenue comes from, below, is live and verifiable today.
Where protocol revenue comes from
Two streams, both landing in a single treasury address, published on Network and addresses:
| Source | Amount |
|---|---|
| Token creation | Free, with no creation fee at all |
| Every trade | 0.3% of the trade, on Standard and Auto-Burn tokens. Tax-Free tokens charge nothing, so they contribute nothing here |
There is no graduation fee. An earlier version of Honkfun charged one when a token moved from a bonding curve into a pool; tokens now launch straight into their pool, so there is no such step and no fee for it.
The trade fee is taken by each pool's hook on every swap, and reaches the treasury when someone runs a collection. Anyone can run one, and the caller receives nothing for it. See Fees and burns.
Only the creator's share stays inside a contract, and only until it is claimed.
You can watch all of it. The Fees page lists every fee event as it happens with a link to each transaction, and the Burns page tracks supply destroyed. Both are public and built from indexed on-chain data.
The intended buyback
The plan is for a share of protocol revenue to be used to buy $HONK on the open market and burn it, permanently reducing its circulating supply.
Two things to understand about that, if and when it starts:
Buys would be executed on Robinhood Chain and recorded here with their transaction hash, so each one is verifiable on the block explorer.
The ledger would be attested, not automatic. Entries are recorded by the team after each execution. The treasury revenue funding them is on-chain and verifiable, but matching revenue to buybacks is a reporting step, not a contract.
Buybacks are not a price floor
A buyback reduces supply. It does not guarantee a price, does not create an exit, and does not run on a fixed schedule. If reported figures appear here in future, treat them as a record of what happened, not a commitment about what will.